KONSEP WAKTU PADA SISTEM TIME VALUE OF MONEY DAN ECONOMIC VALUE OF TIME; PERSPEKTIF ISLAM

Authors

  • Ridan Muhtadi
  • Moh. Fudholi STAI Miftahul Ulum Pamekasan
  • Mohsi Mohsi STAI Miftahul Ulum Pamekasan
  • Fahmi as-Sulthoni STAI Miftahul Ulum Pamekasan
  • Zainurrafiqi Zainurrafiqi UNIRA Pamekasan

DOI:

https://doi.org/10.36420/ju.v3i1.3967

Abstract

Money becomes a business commodity for profit without regard to normative realities and human ethics. The concept of time value of money remains a subject of debate among Muslim scholars because it is considered to provide justification for usury. In conventional economic practice the concept of time value of money is known, which is a concept of adopting a biological model that results in the value of money today being more valuable than in the future. At first glance, it appears that Islam sets a double standard by looking at time differently in two this case: on the one hand, Islam makes it part of the price in the case of deferred sales but eliminates any value in terms of loans. We believe that this issue requires a more comprehensive consideration to know, beyond this apparent duality, the true perception of Islam about the role of time economy.

Published

2020-06-15

How to Cite

Muhtadi, R., Fudholi, M., Mohsi, M., as-Sulthoni, F., & Zainurrafiqi, Z. (2020). KONSEP WAKTU PADA SISTEM TIME VALUE OF MONEY DAN ECONOMIC VALUE OF TIME; PERSPEKTIF ISLAM. Ulumuna: Jurnal Studi Keislaman, 3(1), 61–73. https://doi.org/10.36420/ju.v3i1.3967

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